XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.062%

Price spread now: Coinbase International against Ondo Perps−0.046%7-day average +0.156% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.046%, 7d avg +0.156%

Together, before fees+0.494%+ Points / potential airdropOndo Perps: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.202% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.156%). If the spread goes back, that is −$20 on $10k: about 5.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAG-USD.P	65.000	−0.0028	get 0.0003% / 1h	8m 08s	$5.7M	$9.9M	25x
Short	Coinbase International SILVER-PERP-INTX	64.970	0.0096	get 0.0012% / 1h	8m 08s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.046%Rate

Funding earned: $26.04
Price spread: −0.046% → +0.156%: −$20.22
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.18
Costs to cover: 0.150%
Break-even: 9.5 days

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, just now	0.77 bp	7.2 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAG-USD.Plong	−0.0028%	1h	65.000	long leg	$5.7M	$9.9M	25x
dYdX XAG-USD	0.0000%	1h	65.061	+0.093%	$12K	$5K	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	65.110	+0.169%	$27.7M	$39.1M	150x	as long as short
Variational Omni XAG	0.0000%	4h	65.227	+0.349%	$5.5M	$9.1M	—	as long as short
SunX XAG-USDT	0.0000%	4h	65.110	+0.169%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.160	+0.246%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.110	+0.169%	$1.5M	$278K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.035	+0.054%	$118K	—	250x	as long as short
Hotstuff SILVER-PERP	+0.0016%	1h	65.121	+0.186%	$35K	$21K	20x	as long as short
Gate XAG_USDT	+0.0028%	4h	65.130	+0.200%	$140.4M	$181.5M	100x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XAG	+0.0032%	1h	65.099	+0.152%	$4.6M	$10.0M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.041	+0.063%	$5.0M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+2.154%	$11K	$94K	52x	as long as short
MEXC SILVER_USDT	+0.0034%	4h	65.100	+0.154%	$125.8M	$162.4M	1000x	as long as short
Binance XAGUSDT	+0.0034%	4h	65.100	+0.154%	$191.2M	$755.8M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	65.240	+0.369%	$785K	$3.0M	40x	as long as short
Aster XAGUSDT	+0.0040%	4h	65.100	+0.154%	$2.7M	$981K	100x	as long as short
QFEX SILVER-USD	+0.0044%	1h	65.110	+0.169%	$170K	$1.4M	20x	as long as short
Vest SI-PERP	+0.0046%	1h	65.535	+0.823%	—	—	25x	as long as short
Aevo XAG-PERP	+0.0048%	1h	65.083	+0.127%	$47K	—	10x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.081	+0.125%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.023	+0.035%	$3K	$6K	20x	as long as short
edgeX XAGUSDC	+0.0050%	4h	65.251	+0.386%	$664K	$312K	30x	as long as short
Paradex XAG-USD-PERP	+0.0053%	8h	65.092	+0.142%	$29K	$1K	5x	as long as short
Phoenix SILVER	+0.0061%	1h	65.211	+0.325%	$56K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0069%	1h	65.082	+0.126%	$173.0M	$84.5M	25x	as long as short
Kalshi KXSILVERPERP	+0.0080%	24h	65.092	+0.142%	$489K	$32.2M	8.1x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0096%	1h	64.970	−0.046%	$1.6M	$1.4M	20x
Pacifica XAG	+0.0100%	1h	65.058	+0.090%	$463K	$598K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.050	+0.077%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.200	+0.308%	$111K	$19K	50x	as long as short
RISEx XAG/USDC	+0.0118%	1h	65.118	+0.181%	$1.3M	$4.9M	20x	as long as short
BloFin XAG-USDT	+0.0138%	4h	65.150	+0.231%	$2.7M	$625K	100x	as long as short
GRVT XAG_USDT_Perp	+0.0144%	4h	65.219	+0.337%	$394K	$1.6M	25x	as long as short
Nado XAG-PERP	+0.0155%	1h	65.065	+0.100%	$1.2M	$4.7M	10x	as long as short
Bitget XAGUSDT	+0.0160%	4h	65.100	+0.154%	$23.2M	$44.8M	100x	as long as short
OKX XAG-USDT-SWAP	+0.0173%	8h	65.110	+0.169%	$28.4M	$70.4M	50x	as long as short
Lighter XAG	+0.0184%	1h	65.102	+0.157%	$5.3M	$11.3M	25x	as long as short
Aftermath Perps XAGUSD	+0.0192%	1h	65.121	+0.186%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.060	+0.092%	$65K	$397K	20x	as long as short
Hibachi XAG/USDT-P	+0.0232%	1h	65.097	+0.150%	$20K	$16K	10x	as long as short
Bullet SILVER-USD	+0.0234%	1h	65.121	+0.186%	$45K	$75K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.105	+0.162%	$92K	—	111x	as long as short
Kraken Futures PF_XAGUSD	+0.0364%	1h	65.068	+0.105%	$1.0M	$869K	25x	as long as short